Sigma Alimentos Company acquires Caroli Foods Group
In 2016, Caroli generated sales equivalent to €88 mill. In this regard, Mario Páez, Sigma CEO, said: “This acquisition allows us to continue with our growth strategy in the highly attractive region of Eastern Europe”.
ALFA is a holding company that manages a portfolio of diversified subsidiaries: Sigma, a significant producer, marketer and distributor of foods under recognized brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world’s largest producers of polyester (PTA, PET and fibers), which is also a market leader in the Mexican market for polypropylene, expandable polystyrene (EPS) and caprolactam; Nemak, a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of Information Technology and Communication services for the enterprise, government and residential markets, through its Alestra and Axtel brands; and, Newpek, an oil and gas exploration and production company with operations in Mexico and the United States. In 2016, ALFA reported revenues of Ps. 93,782 mill. (U.S. $15.8 bn.), and EBITDA of Ps. 43,254 mill. (U.S. $2.3 bn). ALFA’s shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
Sigma is a leading multinational refrigerated food company, focused on the production, marketing and distribution of quality foods through recognized brands in Mexico, Europe, United States and Latin America. Sigma has a diversified portfolio of leading brands and operates 69 plants in 18 countries across its four key regions: Mexico, Europe, the United States, and Latam. In 2016 Sigma reported sales of U.S. $5.7 bn. and EBITDA of U.S. $663 mill. Sigma employs more than 42,150 people.